The Goldman Sachs Group Lowers Generac (NYSE:GNRC) Price Target to $168.00

Generac (NYSE:GNRC) had its target price dropped by stock analysts at The Goldman Sachs Group from $193.00 to $168.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 14.44% from the stock’s current price.

GNRC has been the subject of several other research reports. Truist Financial dropped their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Piper Sandler dropped their target price on shares of Generac from $185.00 to $175.00 and set an “overweight” rating for the company in a research report on Thursday. TD Cowen boosted their target price on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus dropped their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays initiated coverage on shares of Generac in a research report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Generac has a consensus rating of “Moderate Buy” and an average target price of $174.00.

Generac Price Performance

Shares of Generac stock opened at $146.80 on Thursday. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The company has a 50-day simple moving average of $156.31 and a two-hundred day simple moving average of $160.54. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. Analysts forecast that Generac will post 6.91 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares of the company’s stock, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Institutional investors have recently modified their holdings of the company. Hurley Capital LLC bought a new stake in shares of Generac in the 4th quarter valued at $26,000. Modus Advisors LLC bought a new stake in shares of Generac in the 4th quarter valued at $27,000. Versant Capital Management Inc boosted its stake in shares of Generac by 391.9% in the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the last quarter. Cranbrook Wealth Management LLC bought a new stake in shares of Generac in the 4th quarter valued at $28,000. Finally, Brooklyn Investment Group bought a new stake in shares of Generac in the 3rd quarter valued at $31,000. 84.04% of the stock is owned by institutional investors.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.